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Mar 31, 2022
Fidelity National Financial Q1 2022 Earnings Report
Reported financial results for the first quarter ended March 31, 2022.
Key Takeaways
Fidelity National Financial reported a strong first quarter in 2022, with total revenue increasing by 2% to $3.2 billion. The Title business was boosted by commercial market demand and home price appreciation, while F&G delivered strong sales, driving growth in assets under management and profitability.
Total revenue increased by 2% year-over-year to $3.2 billion.
Title segment revenue remained stable at $2.4 billion.
F&G total sales increased by 57% year-over-year to $2.6 billion.
FNF repurchased 2.75 million shares for $134 million and paid dividends of $124 million.
Revenue by Segment
Forward Guidance
FNF expects to create shareholder value through continued investment in their business, returning capital to shareholders, and evaluating strategically aligned acquisitions.
Positive Outlook
- FNF plans to dividend 15% ownership of F&G to FNF shareholders in the second half of the year.
- FNF will retain 85% ownership of F&G and continue to benefit from their growth.
- FNF is committed to creating value for its shareholders through investment in its business.
- FNF will continue to return capital to shareholders.
- FNF will evaluate strategically aligned acquisitions.
Challenges Ahead
- Economic challenges persist.
- Geopolitical challenges persist.
- Rising interest rate environment.
- Decline in refinance volumes.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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